Capri Holdings posts strong results, driven by Versace and Michael Kors 


Capri Holdings Group on Wednesday raised its full-year 2022 profit forecast, thanks in part to strong results from its Versace and Michael Kors brands.
Capri Holdings Limited sees its total fourth-quarter revenue of $1.492 billion increase 24.6 percent from a year ago. Net income for the quarter was $81 million, causing John D. Idol, the company’s president and CEO, to celebrate, “Capri Holdings achieved the highest revenue, gross margin and earnings per share in the company’s history. In addition, we generated strong free cash flow and returned $650 million to shareholders in fiscal 2022.(…) The strength of Versace, Jimmy Choo and Michael Kors, as well as the proven resilience of the luxury market, reinforces our optimism for the future and our ability to achieve $7 billion in revenue and a 20% operating margin over time.”
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Featured photo : © Michael Kors
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Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.